Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. As one of the international financial centers, the Hong Kong forex market is highly active, with well-established systems and strict regulations. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker CITM in Hong Kong, China as planned. According to public information, its office address is "Room 1608 - 1612 16/F, China Merchants Tower, 200 Connaught Road, Shun Tak Centre, Sheung Wan, Hong Kong Island".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader CITM claiming to be located at this address.

The inspection personnel successfully arrived at China Merchants Tower, located at Shun Tak Centre, 200 Connaught Road Central, Sheung Wan, Hong Kong Island. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for CITM was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After a brief communication, they obtained permission to enter. Upon checking the directory inside the building, they found that this address did not correspond to the company's information.

The field investigator arrived at the target floor, the 16th floor, and attempted to explore. They found no obvious signage for CITM in the office area, nor any security measures. Since no information about the company was discovered, the investigator could not enter the premises, nor could they photograph the reception area or its logo. Additionally, the office space was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe the internal environment of the company, leaving the overall situation unclear. Based on this, it is judged that the trader's address may be false.

Therefore, after on-site verification, it is confirmed that the dealer CITM does not exist at the above address.

Conclusion

The inspection team visited the forex broker CITM at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.